Data Governance Analyst
Posted on Jan 24, 2019 by Morgan Stanley USA
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
The Enterprise Data Office (EDO) is the operational arm of the Data Governance Committee (DGC), the senior-most, cross-Firm body responsible for Firmwide data governance policy and oversight. Data is becoming increasingly important as a competitive differentiator for the Firms business as well as a focus in the regulatory space.
In response to the need for good quality data the Firm established the Data Governance Committee (DGC), tasked with formalizing an approach to data governance across the Firm through adoption of the Global Data Governance Policy. Further the Firm established a Data Governance Framework that sets strategy, assigns accountability for Policy implementation and ensures critical issues are remediated or escalated to senior management in a timely manner. The Enterprise Data Office (EDO) was established as the operational arm of the DGC. The current team consists of four (4) FTE positions in NY and two (2) in London.
Central to the Data Governance Framework are Data Councils, comprised of data providers and consumers, responsible for providing forums for consumers to raise data issues and data quality requirements, drive remediation of material data issues and ongoing monitoring of data quality, and report performance against data quality requirements. The EDO is responsible for establishing standards by which these Councils operate, monitor the effectiveness of these Councils and serve as the liaison between the Councils and the DGC.
At a macro level, the objectives of data governance that the EDO is responsible for supporting are to:
- Establish and evolve data framework, policy, standards and procedures with and on behalf of DGC
- Support standardization of data framework components (e.g., Authoritative Sourcing, Lineage, Metadata & Dictionary, Issue Management, Attestations & Controls)
- Put people and process in place to identify, fix and prevent data related issues, making the Firm more efficient, driving real $ savings and mitigating risk
- Hold individuals/areas accountable for adverse events arising from sub-optimal data quality
- Determine impact of new issues across reporting teams
The EDO is looking to fill the role of Data Governance Analyst (DGA) roles in NY. We seek a self-starter who has a penchant for finding balance in process strong enough to achieve the data strategy goals yet light enough to limit impact to business efficiency. The ideal candidate understands datas importance to financial services organizations and has the ability to work with varying levels of seniority to support the organizational goals.
- Liaise with Data Councils to drive consistency, policy compliance and continuous improvements specifically related to data issue management and data quality measurement and monitoring
- Support the definition, implementation and monitoring of data governance processes
- Facilitate data issue escalation processes by progressing issue remediation with Risk, Finance, Operations, IT, and Business Units
- Analyze the data issue population with a focus on identifying underlying thematic issues/root causes and escalation to strategic remediation programs
- Align data governance activities to Risk Data Aggregation (RDA) requirements
- 5+ years of professional experience
- Experience with data quality management
- Exposure to data governance and project management disciplines
- Knowledge of / experience with Risk Management data (e.g., Market Risk, Credit Risk, Liquidity Risk) and Finance (e.g. Regulatory, Product Control, Legal entity,)
- Strong organization skills; attention to detail
- Self-starter; good time management; team player
- Experience with designing processes and procedures
- Strong written and verbal communication skills; able to interact with various levels throughout the organization
- Strong problem-solving, analytical/logical skills
Data Governance Analyst